Bitcoin Long Liquidated at 121,836 — Deleveraging Warning
I had a long on Bitcoin that was liquidated. The average price on the position was 121,836.20 and the total exposure was $249,642.
All trades were managed by bpay_group bots. This liquidation highlights the risks of leveraged bot trading and rapid adverse moves.
I will reassess leverage, bot parameters and risk limits before considering re-entry.
Analysis
Recommendation
Exit or avoid new leveraged longs until volatility subsides and bot risk settings are tightened; reduce leverage, set stricter stops, and review execution rules before redeploying capital.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.